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ALPINE, Utah & NEW YORK--(BUSINESS WIRE)--Global Partner Acquisition Corp. (“GPAC”) (NASDAQ: GPAC, GPACU, GPACW)
and Purple Innovation, LLC (“Purple”) today announced that they have
amended their definitive merger agreement pursuant to which Purple will
become a subsidiary of GPAC. Among other things, the amendment reflects
an updated enterprise value of Purple of approximately $500 million. The
consummation of the proposed business combination will be subject to the
terms and conditions set forth in the amended merger agreement. In
addition, GPAC and Purple have prepared an updated investor presentation
outlining the updated transaction. GPAC has filed the amendment to the
merger agreement and the investor presentation with the Securities and
Exchange Commission (“SEC”) under cover of Form 8-K.

GPAC expects to file an amended preliminary proxy statement with the SEC
this week to reflect the terms of the proposed business combination as
revised by the amendment to the merger agreement. Subject to review of
the proxy statement by the SEC, GPAC expects to commence mailing the
definitive proxy statement relating to the special meeting of its
stockholders to consider the proposed business combination and related
matters (the “Special Meeting”) on or about January 17, 2018. GPAC’s
stockholders of record at the close of business on January 10, 2018 are
entitled to receive notice of the Special Meeting and to vote the shares
of common stock of GPAC owned by them at the Special Meeting, which GPAC
anticipates holding on or about February 2, 2018. Both GPAC and Purple
remain focused on completing the proposed business combination by
February 5, 2018.

About Purple

Purple is a leading comfort technology company with a vision to improve
how people sleep, sit and stand. Purple offers a range of mattress,
bedding and cushioning products. Purple’s products are the result of
over 20 years of innovation and investment by the founders in
proprietary and patented comfort technologies and the development of its
own manufacturing processes. Purple’s Hyper-Elastic Polymer® technology
underpins many of its comfort products and provides a range of benefits
that differentiate its offerings from other competitors’ products.

Purple has core competencies in design, development and manufacturing,
with decades of accumulated knowledge that enables it to create all
aspects of its innovative products. Purple has vertically integrated its
operations including research and development, marketing and
manufacturing, resulting in an ability to rapidly test, learn, adapt and
scale product offerings. Purple’s combination of patents and
intellectual property, proprietary and patented manufacturing equipment,
production processes and decades of acquired knowledge create a distinct
advantage over competitors that rely on commoditized technologies and
outsourced manufacturing.

Purple has not only developed transformative products and technologies,
but also a brand that drives high customer engagement. To date, Purple’s
videos have been seen more than 950 million times across Facebook and
YouTube alone with over 600,000 fans and subscribers across social media.

About Global Partner Acquisition Corp.

Global Partner Acquisition Corp. is a special purpose acquisition
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization, or similar
business combination. GPAC’s units began trading on The NASDAQ Capital
Market on July 30, 2015 and its securities trade on NASDAQ under the
ticker symbols GPAC, GPACW and GPACU.

Forward Looking Statements

Certain statements made in this release are “forward looking statements”
within the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,”
“may,” “will,” “should,” “future,” “propose” and variations of these
words or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements. These
forward-looking statements include, but are not limited to, statements
regarding the timing of the mailing of GPAC’s proxy statement, the
timing of the special meeting of GPAC’s stockholders and the timing of
the consummation of the business combination. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
GPAC’s or Purple’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: the inability to obtain stockholder
approval of the merger, the inability to have the minimum cash to close
the merger following redemptions by GPAC stockholders, the inability to
complete the transaction contemplated by the merger agreement because of
failure of closing conditions or other reasons; the inability to
recognize the anticipated benefits of the proposed business combination,
which may be affected by, among other things, the amount of cash
available following any redemptions by GPAC stockholders and a lack of
confirmed market acceptance of Purple’s products; the ability to meet
NASDAQ’s listing standards following the consummation of the
transactions contemplated by the proposed business combination; costs
related to the proposed business combination; Purple’s ability to manage
growth; Purple’s ability to execute its plans to develop and market new
products and the timing and costs of these development programs;
Purple’s estimates of the size of the markets for its products; the rate
and degree of market acceptance of Purple’s products; the success of
other competing cushioning and bedding technologies that exist or may
become available; Purple’s ability to identify and integrate
acquisitions; the performance of Purple’s products; rising costs
adversely affecting Purple’s profitability; potential litigation
involving GPAC or Purple or the validity or enforceability of Purple’s
intellectual property; and general economic and market conditions
impacting demand for Purple’s products. See the risk factors disclosed
in the preliminary proxy statement for the merger for additional risks
associated with the merger. Neither GPAC nor Purple undertakes any
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as
required by law.

Additional Information about the Transaction and Where to Find It

In connection with the proposed business combination, GPAC will file
preliminary and definitive proxy statements with the SEC in connection
with a special meeting of the stockholders of GPAC to consider and vote
on the merger and related matters. GPAC will mail a definitive proxy
statement and other relevant documents to its stockholders in connection
with the meeting. Investors and security holders of GPAC are advised to
read the preliminary proxy statement, and amendments thereto, and, when
available, the definitive proxy statement, which will contain important
information about the proposed business combination and the parties to
it. The definitive proxy statement will be mailed to stockholders of
GPAC as of a record date to be established for voting on the proposed
business combination. Stockholders will also be able to obtain copies of
the proxy statement, without charge, once available, at the SEC’s
website at www.sec.gov
or by directing a request to: Global Partner Acquisition Corp., c/o
Andrew Cook, 1 Rockefeller Plaza, 11th Floor New York, New York 10020,
e-mail: info@globalpartnerac.com.

Participants in the Solicitation

GPAC, Purple, and their respective directors, executive officers and
other members of their management and employees, under SEC rules, may be
deemed to be participants in the solicitation of proxies of GPAC
stockholders in connection with the proposed business combination.
Information concerning the interests of GPAC’s and Purple’s participants
in the solicitation, which may, in some cases, be different than those
of GPAC’s and Purple’s equity holders generally, is available in the
preliminary proxy statement filed by GPAC with the SEC on December 15,
2017. Additional information regarding the participants in the proxy
solicitation and a description of their direct and indirect interests is
contained in the preliminary proxy statement, which can be obtained free
of charge from the sources indicated above.

Disclaimer

This release shall neither constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sale of securities in any jurisdiction in which the offer, solicitation
or sale would be unlawful prior to the registration or qualification
under the securities laws of any such jurisdiction.